CNN 2011-09-30

 The economy leaves off today's headlines.Some financial experts think US economy isn't growing fast enough and it's not growing fast at all.And that news is not going over well with investors¹.Stock market is one thing people look at to see how the economy is doing.And the Dow Jones Industrial Average,collection of 30 major stocks,is used to determined² how the whole marker is doing.The answer of yesterday not good.The Dow  dropped  nearly 400 points.And the worst pointer in a day was down more than 500 points.One thing to see the spoon investors  trigger this  drop was action taken by the federal reserve.Have read a lot about Fed.Who are they?And what do they do?

 

CNN.com monetary³ PM gives us some answers.

Thanks,Carl.

 

The Federal Reserve is the nation's central bank and its main job is to try and keep the economy floated by doing two central things. One,it tries to make sure that the inflation doesn't get out of control so that you don't have to be paying a lot for thing like gas and food and what it's also trying to do is to make sure that there are in most men of people working as possible, as it's wants to try to keep the  unemployment is low.How the federal reserve does this is the monetary interests rate.That's a key interest rate that it can raised or lower.It's very important  because it helps to detect  how much consumers pay for things like students' loans,mortgages or credit cards.The problem the FED has for  years is that it's lowered this key rate to zero,pretty much to zero.

 

In December,2008 it was the financial crisis a few years ago.So it has to try a bunch of other kind of creative things to get rates even lower  than where they are now.A lot of people think that the FED is grasping its chaos⁴.They don't have much left they can  actually do help the economy because the rate is already low.It's not the people complaining about their high rate on their mortgages or  they can't get that much lower and a lot of people in the financial markets,they feel that the FED  just can't really do much to help the job marker this point.

 

Just facts.

 

Capital punishment means to be pushed to death for a crime.It's also known as the death penalty.Capital punishment  has been carried out  for centuries and in US prison since 1800.The US Supreme⁵ Court suspended the death penalty in 1970. And restated it four years later.Today,capital punishment is legal in 34 US states.

1 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

2 determined   

adj.坚定的；有决心的

参考例句：

• I have determined on going to Tibet after graduation.我已决定毕业后去西藏。
• He determined to view the rooms behind the office.他决定查看一下办公室后面的房间。

3 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

4 chaos   

n.混乱，无秩序

参考例句：

• After the failure of electricity supply the city was in chaos.停电后，城市一片混乱。
• The typhoon left chaos behind it.台风后一片混乱。

5 supreme   

adj.极度的，最重要的；至高的，最高的

参考例句：

• It was the supreme moment in his life.那是他一生中最重要的时刻。
• He handed up the indictment to the supreme court.他把起诉书送交最高法院。